U.S. House Passes Bill to Block Federal Reserve CBDC issuance

U.S. House Approves Bill Prohibiting Federal Reserve From Issuing Digital Currency

Implications of the Bill

The U.S. House of Representatives has approved a bill that prohibits the Federal Reserve from issuing a central bank digital currency (CBDC). The fate of the bill in the Senate is uncertain, leaving potential consequences for the U.S. financial landscape.

Senate's Stance

• The Senate's response to the bill is pivotal for the future of a digital dollar.

The bill's passage raises concerns and discussions regarding the role of digital currencies in the U.S. economy.